As a small handful of U.S. economists and commentators fret over what they label a Canadian real estate bubble, Bank of Canada Governor Mark Carney prepares for his final speech as the head of the central bank.
Tim Hortons shareholder Highfields Capital said last week that the company's U.S. expansion is a failure and it should stop funding the unsuccessful strategy. We'll see if Tim Hortons latest results give Highfields more ammunition.
The European Central Bank cut its benchmark
interest rate to a record low 0.5 percent from 0.75 percent amid soaring
unemployment, weak consumer spending and waning business confidence.